Question: Problem 15-5 Calculating Total Return [LO15-3] Mark Crane purchased a $1,000 corporate bond five years ago for $1,060. The bond paid 4.5 percent annual interest.

Problem 15-5 Calculating Total Return [LO15-3] Mark Crane purchased a $1,000

Problem 15-5 Calculating Total Return [LO15-3] Mark Crane purchased a $1,000 corporate bond five years ago for $1,060. The bond paid 4.5 percent annual interest. Five years later, he sold the bond for $950. Calculate the total return for Mr. Crane's bond investment (Do not round intermediate calculations.) Total dollar return

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